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Sep 30, 2020
Bank of Hawaii Q3 2020 Earnings Report
Reported diluted earnings per share of $0.95 and net income of $37.8 million.
Key Takeaways
Bank of Hawaii Corporation reported a decrease in net income and diluted earnings per share for the third quarter of 2020 compared to the previous quarter and the same quarter last year. The results reflect current economic conditions, with a commitment to conservatism, liquidity, and capital strength.
Diluted earnings per share were $0.95 for Q3 2020, down from $0.98 in the previous quarter and $1.29 in the same quarter last year.
Net income for Q3 2020 was $37.8 million, compared to $38.9 million in the second quarter of 2020 and $52.1 million in Q3 2019.
Loan and lease balances were $11.8 billion at the end of Q3 2020, a slight decrease from the previous quarter but up from the previous year.
Total deposits reached a record high of $17.7 billion at the end of Q3 2020, an increase of 1.8% from the previous quarter and a significant increase from the previous year.
Revenue by Segment
Forward Guidance
This news release, and other statements made by the Company in connection with it may contain "forward-looking statements", such as forecasts of our financial results and condition, expectations for our operations and business prospects, and our assumptions used in those forecasts and expectations.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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